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Prism Maritime receives $250M Navy contract
Chesapeake-based Prism Maritime LLC has received a contract valued up to $250.8 million to install, modify and upgrade various combat systems for the Navy, Coast Guard and for foreign militaries, according to the Pentagon. The cost-plus-fixed-fee, cost-type contract, announced Friday, will continue through October 2027 if all options are exercised. Work will be performed on […]
Chesapeake Bank CFO appointed COO
Chesapeake Financial Shares Inc. has appointed its chief financial officer, Rebecca Andrick “Becky” Foster, to the additional post of chief operating officer, the Kilmarnock-based parent company of Chesapeake Bank and Chesapeake Wealth Management announced Monday. Foster, who has has been with the company for 27 years, has been its senior vice president and chief financial […]
Chesapeake Walmart shooting raises workplace violence concerns
UPDATED NOV. 27 Late Tuesday, a Chesapeake Walmart manager shot and killed six people, wounded at least six more and then killed himself, police said. According to police and media reports, all six of those slain were Walmart employees and two were killed in the break room. On Wednesday, Walmart’s corporate office released a statement […]
Dollar Tree adds four more execs
Chesapeake-based Fortune 500 discount retailer Dollar Tree Inc. has named four additional executives, the company announced Thursday. These hires are the latest leadership changes after a C-suite shakeup over the summer. Jennifer Bohaty will join as chief compliance officer, Terence Goods will be chief diversity officer, Jennifer Silberman will be chief sustainability officer, and Kristin [&hellip[...]
Japanese warehouse company to build facility in Chesapeake
A Tokyo-based transportation and warehousing company will invest $14 million to establish a warehouse and distribution facility in Chesapeake, creating 25 jobs, Gov. Glenn Youngkin announced Thursday. Nakano Warehouse & Transportation Corp. will build a warehouse at 2200 Steppingstone Square in the Greenbrier North Commerce Park. It will be up to 78,400 square feet and […]
Under construction
Hampton Roads Bridge-Tunnel Hampton and Norfolk Construction is underway along 10 miles of the Interstate 64 corridor from Hampton to Norfolk on the $3.9 billion Hampton Roads Bridge-Tunnel expansion project. In June, crews on the South Island began reassembling Mary, the 430-foot, $70 million tunnel boring machine (TBM) that was delivered to the Port of […]
Dollar Tree names new C-suite execs after shakeup in June
After a C-suite shakeup this summer, Chesapeake-based Fortune 500 discount retailer Dollar Tree Inc. is filling spots on its leadership team. This week, the company named a new chief operating officer and chief development officer. On Monday, Dollar Tree named Michael Creedon Jr. chief operating officer. Creedon had been with Advance Auto Parts since December […]
TOP FIVE STORIES AUGUST 2022
The top trending stories on VirginiaBusiness.com from July 15 to Aug. 14 were led by an exclusive update on the Virginia Beach Oceanfront surf park, which is being developed by music icon Pharrell Williams and Venture Realty Group. 1 | A new look at Va. Beach’s Atlantic Park Starting construction in October or November, […]
Va. officials woo chip manufacturers
U.S. Sen. Mark Warner and state and local economic development officials are vying to attract semiconductor chip manufacturing facilities to four Virginia industrial sites as the commonwealth gears up to fight for a piece of the financial pie from sweeping federal legislation that promises to ramp up chip production in the U.S. Representatives of Chesterfield, […]
Chesapeake warehouse sells for $13.59M
A 70,000-square-foot warehouse and distribution building in Chesapeake sold for $13.59 million in late July, Colliers announced Wednesday. Located at 3512 Business Center Drive in the Cavalier Industrial Park, the property is 100% leased to the U.S. Postal Service and serves as a seasonal processing and distribution center. It totals 9.72 acres of land, with […]
Chesapeake industrial building sells for $10.2M
A 152,180-square-foot industrial property in Chesapeake has sold for $10.275 million, S.L. Nusbaum Realty Co. announced in July. Chesapeake Dexter St West LLC purchased the property, located at 101 Dexter St. West in Chesapeake, from On Trading Corp. The building is on 13.89 acres and was fully leased at the time of the sale. It […]
Amazon opens new Chesapeake facility
Last week Amazon.com Inc. opened its new, 640,000-square-foot processing facility in Chesapeake, the global e-tailer’s first cross-dock fulfillment center in Virginia. About 900 of the 1,000 workers that Amazon announced it would be hiring for the facility are already on the job, an Amazon spokeswoman told Virginia Business. Located at 5045 Portsmouth Blvd., the Chesapeake […]
